Things to consider before signing a leasing agreement

Things to consider before signing a leasing agreement,

It’s not every day that we find the house that seems to be perfect from the very first glance. After months of thorough investigation into the property market, the joy of finally finding a house that can be a home can be exhilarating. Even though you may be excited to move into your new place as soon as possible, don’t sign the rental agreement just yet.

To avoid future problems, it is crucial that you do your homework before signing the dotted lines. This article will tell you a few things to consider before you take the house for rent.

1. Know about the legal terms used in a lease

Things to consider before signing a leasing agreement, property,

Even though this may sound pretty obvious, but learning how to read the conditions and agreements of a contract is a skill that we all should acquire. No, you don’t have to be an expert in finance and laws to decipher the legal language, a bit of Google search will fetch you a lot of helpful information that you’ll be able to use. If you are unsure about your skills, hiring an attorney should be your priority. More info about the developer background and professional non-bias reviews can be obtained via PropertyGuru.

2. Find a location that matches your lifestyle

Things to consider before signing a leasing agreement, property,

Locate a community using owner or a reputable management business which matches with your cost and location standards, as well as provides the unique conveniences you’re looking for. Billiards room, a grocery stall, state of the art fitness center and poolside cabanas all may look like “must haves” but you must ask yourself which comforts you’ll actually use. Some of these amenities can be found in Petaling Jaya. House for rent in PJ can be sought via agents, online platform or property magazines.

Cutting costs is something that we all can benefit from, and it is best to tackle the issue from the very beginning to avoid future inconveniences.

3. Don’t be afraid to ask for clarifications

We always suggest that you ask for explanations regarding whatever you don’t comprehend. Community managers and letting representatives should be pleased to answer your questions. Don’t understand what submetering means? All you have to do is just ask.

If the landowner or the community representative refuses to answer all your queries politely, it’s best to take your search elsewhere.

4. Make a careful note of the added fees

Things to consider before signing a leasing agreement, property,

Pay attention to whether utilities are within the base lease or charged individually and assess if you are comfortable in paying extra. The last thing you’d want to experience is an incredible overbilling just because you didn’t know that using hot water services are cranking up the A/C will cost you more. A rough estimation of utilities fees can be obtain through Tenaga National’s home energy calculator.

Inquire about utility statements; ask about conveniences or application fees as well. Consider it as paying to apply to school, minus being forced to write a 2000 word essay on a topic of their choice.

5. Be conscious of community rules.

You believed maturity meant fewer rules to follow? Everyone who is mature enough knows that “grown-ups” are supposed to follow even more rules to be a functioning member of the society. While you may not be going out of your way to break laws, knowing about the community standards before signing a lease agreement will help tremendously.

The good thing is, flats do offer an excellent deal of independence in most places — you merely have to ensure you’re up to speed on possible policies regarding pet limitations, visitors, quiet hours, and other statutes.

6. Notice your delayed payment fees

Usually, late fees are applied as a fee-per-day basis, so keep an eye out for any term that benchmarks that imply stacking up of late fees. If you happen to be someone who usually pays rent on time, then this clause shouldn’t bother you a bit. And if you think you’re strapped for cash and might not be able to be up on time, then at least make sure that the late payment terms are agreeable.

7. Outline utility obligation

The landlord normally must pay for gas and electricity bills if the services have been registered in his/her name. Unless each unit functions on their own unique meter, the landlord doesn’t have the power to pay for utilities using your security deposit. So, make sure these terms and conditions are set before you sign the agreement.

8. Check the provisions for your pet

Things to consider before signing a leasing agreement, property,

Don’t be surprised to discover landlords that are cautious of our furry pals. We recommend that you inquire about pets rules even if the advertisement had mentioned: “Pets are allowed.” It’s always a good idea to do your due diligence and make sure everything is according to acceptable terms.

9. Make rules of the house clear from the get go

House rules aren’t only common courtesy— they can be rather quite the deal in some circumstances. For example, the onus falls on you to comprehend just exactly how much sound is considered to be acceptable, or else the owner might give you a hard time just to settle a personal score. Be smart; lay the ground rules clear before signing the deal.

Unfortunately, your country may permit the landlord to charge extra for your pet, in which case you must be aware of the additional costs.

10. Understand subleasing

Arguably, among the very significant features of any pleasing arrangement is the clause that is subleasing. Some landlords don’t permit subleasing, while some others have rules in place to charge you extra or get a cut in the additional rent. Make sure you know fully about this clause if you intend to sublease the property.

11. Get to know about the lease termination policies

Thoroughly investigate the policies related to lease breakage, so that you have the opportunity to anticipate unforeseen circumstances. However, it would be for your best interest to do everything possible to avoid this scenario. At the end of the day, you’re taking a lease not entering into wedlock. So it’s normal that you should be free to move out anytime you want.

12. Inquire regarding painting the walls, hanging graphics, duplicating keys, etc., about rules

Many apartment communities will let you paint the walls as long as you reverse them to their former condition when you’re moving out. Keep this in mind when you’re choosing colors because some colors are undoubtedly hard to remove than others. It’s important to be rational when looking for house for rent, instead of emotional.

13. Read the lease in whole

This may sound painfully obvious, but read the whole lease! Because once you’ve signed on the dotted lines, it would mean you assented to the terms and conditions. Modifying or rectifying the clauses involves a lot of legal hassles that you should stay away from as far as possible.

Due diligence – the most important trait

Now that you know a bit more about the things you can do before signing a lease agreement, we urge you to take the steps seriously. Your due diligence might just mean the difference between making memories in your new house and living it in a hurry after being haunted by terrible experiences.

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Khir Khalid: Things to consider before signing a leasing agreement
Things to consider before signing a leasing agreement
Things to consider before signing a leasing agreement,
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